Funding you earn now, next payment 04:00 UTC−0.0979%/8h= −107.2% APRnext payment −$4.89 per $10,000 · paid last 24h −0.163%
Price spread now: Phemex against Aster−0.086%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2292.293% of the position
Funding, last 5 days (all we have)−0.467%−$47 on $10k
+Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.086%, 7d avg +0.040%
=Together, before fees−0.323%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Phemex is 0.126% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.467% in total (about -31.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster USELESSUSDT | 0.2799 | 0.1079 | pay 0.0539% / 4h | 2h 09m | $623K | $2.3M | 10x |
| Short | Phemex USELESSUSDT | 0.2797 | 0.0100 | get 0.0050% / 4h | 2h 09m | $604K | $1.2M | 20x |
Aster USELESSUSDT
Phemex USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$205.53
- Price spread: −0.086% → +0.040%
- −$12.59
- Slippage, 4 orders
- −$209.34
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$447.45
- Costs to cover
- 2.293%
- Break-even
- never at this rate
Slippage from Aster: live order book, 4 min ago; Phemex: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aster live order book, 4 min ago | 6.57 bp | 21.9 bp −$22 | 136.6 bp −$1,366 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 38.15 bp | 97.5 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 23 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2801 | +0.043% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2803 | +0.126% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2801 | +0.068% | $9.9M | $65.9M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2798 | −0.032% | $7.0M | $8.4M | 50x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2810 | +0.379% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2799 | −0.021% | $18K | $502K | 20x | as long as short |
| Phemex USELESSUSDTshort | +0.0100% | 4h | 0.2797 | −0.086% | $604K | $1.2M | 20x | |
| KuCoin USELESSUSDTM | +0.0136% | 4h | 0.2799 | −0.021% | $5.2M | $10.4M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2802 | +0.111% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0415% | 1h | 0.2802 | +0.096% | $28K | $202K | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
SunX USELESS-USDT
HTX USELESS-USDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Polymarket Perps USELESS-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0543% | 4h | 0.2813 | +0.495% | $21K | $194K | 10x | as long as short |
| Extended USELESS-USD | +0.0552% | 1h | 0.2801 | +0.073% | $300K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0552% | 4h | 0.2802 | +0.086% | $10.9M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0554% | 4h | 0.2802 | +0.107% | $23.7M | $117.0M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0580% | 4h | 0.2798 | −0.064% | $5.4M | $9.8M | 20x | as long as short |
| BingX USELESS-USDT | +0.0738% | 4h | 0.2800 | +0.029% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0739% | 4h | 0.2801 | +0.057% | $27.2M | $46.3M | 13x | as long as short |
| ApeX Omni USELESSUSDT | +0.0776% | 1h | 0.2814 | +0.522% | $39K | $699K | 25x | as long as short |
| Variational Omni USELESS | +0.0901% | 4h | 0.2816 | +0.591% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDTlong | +0.1079% | 4h | 0.2799 | long leg | $623K | $2.3M | 10x | |
| Hyperliquid USELESS | +0.1276% | 1h | 0.2802 | +0.086% | $14.0M | $20.7M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1306% | 4h | 0.2803 | +0.121% | $22K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2989 | +6.755% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Bitget USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP